Which cryptocurrencies offer companies with full franked dividends?
IgriegaDec 25, 2021 · 3 years ago3 answers
I'm looking for cryptocurrencies that provide companies with full franked dividends. Can you recommend any specific cryptocurrencies that offer this feature?
3 answers
- Dec 25, 2021 · 3 years agoUnfortunately, cryptocurrencies do not offer companies with full franked dividends. Unlike traditional stocks, cryptocurrencies are decentralized and do not have a central authority that can distribute dividends. Instead, the value of cryptocurrencies is primarily driven by supply and demand dynamics in the market.
- Dec 25, 2021 · 3 years agoAs of now, there are no cryptocurrencies that directly offer companies with full franked dividends. However, some projects in the blockchain space are exploring the concept of dividend-paying tokens, where token holders can receive a portion of the project's profits. These projects are still in their early stages and it remains to be seen how successful they will be in providing a reliable income stream for investors.
- Dec 25, 2021 · 3 years agoWhile cryptocurrencies themselves do not offer companies with full franked dividends, there are platforms like BYDFi that enable users to earn passive income through staking and liquidity mining. BYDFi allows users to stake their cryptocurrencies and earn rewards in the form of additional tokens. This can be seen as a way to generate income similar to dividends, although it is important to note that the rewards are not directly tied to the profits of specific companies.
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